Why is the Southern Copper (SCCO) share grant considered exempt?

The 400-share award is described as received under Southern Copper’s Directors’ Stock Award Plan for service as a director. The filing states it is an exempt transaction under Rule 16b-3(d), which covers certain insider compensation-related equity grants.

Does the Southern Copper (SCCO) Form 4/A mention dividend-related shares?

Yes. A footnote explains that the total 389,429 shares beneficially owned after the transaction includes 452 additional shares. These 452 shares were received as dividend payments during 2024 and are part of the reported ownership figure.

Southern Copper chair receives 400-share stock award

Southern Copper Corporation chairman and director German Larrea Mota Velasco received a grant of 400 shares of common stock on November 3, 2025 under the issuer’s Directors’ Stock Award Plan for his board service, an exempt award under Rule 16b-3(d).

Filing Impact

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Filing Sentiment

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Form Type

4/A

Rhea-AI Filing Summary

Southern Copper Corporation chairman and director German Larrea Mota Velasco received a grant of 400 shares of common stock on November 3, 2025 under the issuer’s Directors’ Stock Award Plan for his board service, an exempt award under Rule 16b-3(d). Following this non-cash acquisition, he directly beneficially owns 389,429 shares, which include 452 shares received as dividend payments in 2024.

Insider Trade Summary

Grant/Award: 400 shares

Grant/Award 1 txn

Insider VELASCO GERMAN LARREA MOTA

Role CHAIRMAN OF THE BOARD

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	400	$0.00	$0.00

Holdings After Transaction: Common Stock — 389,429 shares (Direct)

Footnotes (3)

F1. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d).
F2. N/A.
F3. The total number of shares beneficially owned following the reported transaction includes 452 shares received as dividend payments in 2024.

Key Figures

Stock award size: 400 shares Award price per share: $0.0000 per share Total shares after transaction: 389,429 shares +1 more

4 metrics

Stock award size 400 shares Common stock grant for service as a director on November 3, 2025

Award price per share $0.0000 per share Non-cash grant under Directors’ Stock Award Plan

Total shares after transaction 389,429 shares Direct beneficial ownership following the reported grant

Dividend shares included 452 shares Shares received as dividend payments in 2024, included in total ownership

Key Terms

Directors' Stock Award Plan, Rule 16b-3 (d), beneficially owned, dividend payments

4 terms

Directors' Stock Award Plan financial

"Received pursuant to Issuer's Directors' Stock Award Plan for service as a director"

Rule 16b-3 (d) regulatory

"exempt transaction under Rule 16b-3 (d)"

beneficially owned financial

"The total number of shares beneficially owned following the reported transaction"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dividend payments financial

"includes 452 shares received as dividend payments in 2024"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Southern Copper (SCCO) report in this Form 4/A filing?

Southern Copper reported that chairman and director German Larrea Mota Velasco received a grant of 400 common shares. The award was issued for his service as a director under the company’s Directors’ Stock Award Plan and treated as an exempt insider transaction.

How many Southern Copper (SCCO) shares does the chairman hold after the award?

After the 400-share grant, German Larrea Mota Velasco directly beneficially owns 389,429 Southern Copper shares. This total includes 452 shares that were received as dividend payments during 2024, as disclosed in the filing’s footnotes.

What type of transaction is reported for Southern Copper (SCCO) in this Form 4/A?

The filing reports an acquisition coded “A,” meaning a grant or award of 400 shares of common stock. It is a non-cash transaction for director compensation, rather than an open-market purchase or sale of Southern Copper shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/22/2026 - 06:21 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VELASCO GERMAN LARREA MOTA

(Last)

(First)

(Middle)

C/O SOUTHERN COPPER CORPORATION

7310 NORTH 16TH ST. SUITE 135

(Street)

PHOENIX

ARIZONA

85020

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOUTHERN COPPER CORP/ [ SCCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHAIRMAN OF THE BOARD

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
11/04/2025

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/03/2025		A		400⁽¹⁾	A	⁽²⁾	389,429⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Received pursuant to Issuer's Directors' Stock Award Plan for service as a director - exempt transaction under Rule 16b-3 (d).

2. N/A.

3. The total number of shares beneficially owned following the reported transaction includes 452 shares received as dividend payments in 2024.

	/s/ Andres Carlos Ferrero, Attorney-in-Fact	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR